Season is in full swing and the Naples market has been active, although tempered, compared to the buying frenzy of the last two winter seasons. Naples real estate continues to remain a sought-after asset for those looking to enjoy all the unique amenities the area has to offer which have helped rank Naples #1 in so many categories over the years such as well-being/happiest/healthiest and the #1 best place to live in the US 2023.
Market analysis by Matt Brown | Luxury Real Estate Advisor | William Raveis Real Estate
RealTrends Verified: #922 Nationally & #13 in Naples (2024) · Top 1.5% of Agents Nationwide (2025)
$700M+ Career Sales · $50M+ in 2024 · CLHMS · GRI · 23+ years experience · (239) 580-8864
If you live within the City of Naples city limits or are considering building there, the City Council has been considering revising the zoning and setback standards which would decrease the size of homes that are allowed to be built. There were several community “listening sessions” last week regarding the potential changes and the attendees overwhelmingly opposed changing the existing standards that have been in place as Naples has become the #1 place to live in the US. I am staying up to date on the details as the discussions progress, please reach out if you’d like more information or if you are looking to get involved.
Enjoy this month’s newsletter!
Best Regards,
Matt
Matt
Naples MLS Data February 2023
February 2023: Naples Market Trends and Commentary
Naples property pricing has stabilized over the last 10 months with a dip over the summer and then a rebound later in the year as values are supported by continued, but lower, demand and relatively low supply. It feels like a return towards a more normal market as we ease out of the pandemic-sparked surge in sales and I think that’s evident in the market trend charts below. Please reach out if you have additional questions.
- Average sales prices were up 14.7% compared to last February and up 76% from February 2020. The average sales price per square foot was up 12.4% from last year and 122% from February 2020.
- Inventory of properties on the market has been relatively stable since last May but is slightly increasing with 2835 properties on the market, still significantly less than the 6000+ properties for sale before the pandemic.
- There is currently 3.5 months of inventory on the market in Naples, less than 5 months is considered a seller’s market.
- 1303 new listings hit the market in Naples in February, just about the same as last February, and 1030 properties went pending, 12.2% less than in February 2022.
- 683 properties closed in February, down 17% from a year ago and about half of the closings in February 2021.
- Properties that sold stayed on the market for an average of 55 days, an indicator that is still half of what it was pre-pandemic but has been gradually increasing since the low point of 16 days on the market in April and March 2022.
- The average amount of negotiation from the last list price has settled back close to where it was pre-pandemic at an approximately 4%. During the height of the market, sales prices averaged 1% over asking for a couple of months March & April 2021.
AVERAGE SALES PRICE
AVERAGE PRICE PER SQFT
HOMES FOR SALE
MONTHS SUPPLY
NEW LISTINGS
PENDING SALES
TOTAL SALES
AVERAGE DAYS ON MARKET
AVERAGE PERCENT OF LAST SALES PRICE
Did You Catch Matt’s Viral Video?
This month we listed two spectacular properties, which have gained traction online. Our 7000 SF Tiburon listing has over 160,000 views on social media, check it out (Our videographer’s TikTok + our channels)!
4823 West Blvd, Park Shore, Naples
3 Bedroom, 3 Bathroom Villa
$2,895,000 | 2207 SF
2581 Escada Dr, Escada Estates/Tiburón, Ritz Carlton Golf Resort, Naples
4 Bedroom, 4.5 Bathroom Home
$7,900,000 | 6988 SF
Area Real Estate News March 2023
Area Real Estate News Summary
Collier County Hotels Are Recovering
It’s been four months since Hurricane Ian struck Southwest Florida. Most Collier County hotels are back to full operation, although…
Full story →
Collier County Hotels Are Recovering
It’s been four months since Hurricane Ian struck Southwest Florida. Most Collier County hotels are back to full operation, although…
Legislature Passes Reforms To Secure SWFL’s Property
The Florida Legislature used a special session in mid-December to pass what analysts say is the largest property insurance reform package in Florida history…
Full story →
Legislature Passes Reforms To Secure SWFL’s Property
The Florida Legislature used a special session in mid-December to pass what analysts say is the largest property insurance reform package in Florida history…
New Marina Project Planned in Old Naples
A marina project will replace some longtime businesses near the Naples City Dock in Crayton Cove. Napoli on the Bay pizzeria and the Phil Fisher Gallery…
Full story →
New Marina Project Planned in Old Naples
A marina project will replace some longtime businesses near the Naples City Dock in Crayton Cove. Napoli on the Bay pizzeria and the Phil Fisher Gallery…
Two Of The Top 10 U.S. Airports Are In Florida
SWFL Int’l takes the top spot! According to Travel Lens, the airport isn’t the biggest in the state, but it is currently the second-busiest single-runway airport in America.
Full story →
Two Of The Top 10 U.S. Airports Are In Florida
SWFL Int’l takes the top spot! According to Travel Lens, the airport isn’t the biggest in the state, but it is currently the second-busiest single-runway airport in America.
Naples Area Ranked Third In Top 10 Metro Areas
The Naples metro area ranked 3rd among the top 10 metro areas in the U.S. w/ the largest year-over-year home price increases in the 4th quarter of 2022…
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Naples Area Ranked Third In Top 10 Metro Areas
The Naples metro area ranked 3rd among the top 10 metro areas in the U.S. w/ the largest year-over-year home price increases in the 4th quarter of 2022…
Stock Plans 443-Home Community In Collier
Stock Development is planning a 443-home community east of Collier Boulevard, across from Naples National Golf Club, less than two miles south…
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Stock Plans 443-Home Community In Collier
Stock Development is planning a 443-home community east of Collier Boulevard, across from Naples National Golf Club, less than two miles south…
Naples First-Ever Tesla & Solar-Powered Estate
London Bay Homes in Naples recently completed its first ever solar-powered home. The 6,000-square-foot estate, in the…
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Naples First-Ever Tesla & Solar-Powered Estate
London Bay Homes in Naples recently completed its first ever solar-powered home. The 6,000-square-foot estate, in the…
Florida Was The Top State For Move-Ins Last Year
Florida was the top state in the U.S. for move-ins and third for move-outs by volume in Hire a Helper’s fifth annual migration study.
Full story →
Florida Was The Top State For Move-Ins Last Year
Florida was the top state in the U.S. for move-ins and third for move-outs by volume in Hire a Helper’s fifth annual migration study.
Pulte Homes - 87 Lots In Naples Community
Pulte Homes has acquired 87 estate homesites in a luxury lakeside community in Naples. The national homebuilder purchased…
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Pulte Homes - 87 Lots In Naples Community
Pulte Homes has acquired 87 estate homesites in a luxury lakeside community in Naples. The national homebuilder purchased…
Featured ListingsNaples · Updated Daily
Search Naples Homes For Sale
Below are Naples’ newest properties on the market priced above $2,000,000. See any that are interesting? Let’s connect! If you’d like to search all Southwest Florida properties, visit our website → SEARCH → Search Properties page.
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Southwest Florida & Naples Real Estate Market Reports
Each month our real estate newsletter includes previous months published market reports for the Naples Florida area, which includes the William Raveis luxury real estate market report and the Naples Board of Realtors (NABOR) market report.
Where can I download the full Naples luxury market reports?
The complete reports are available below. For the full archive, visit all Naples market reports →
William Raveis · Official Report
Naples & Bonita Springs (William Raveis) - February 2023
All price tiers, community snapshots, 12-month rolling trends. Southwest Florida MLS west of US 41.
NABOR® · Monthly Market Data
Naples Board of Realtors (NABOR) - February 2023
Full NABOR® analysis of all price segments, inventory trends and year-over-year comparisons.
Matt Brown · Monthly Newsletter
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Every past edition in one place: market data, commentary and the stories behind the numbers, month by month.
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Matt Brown is one of the top-ranked luxury real estate agents in Naples, with $700M+ in career sales across Port Royal, Pelican Bay, Grey Oaks, Park Shore, and every major Naples luxury community. Whether you are buying, selling, or evaluating the market, a direct conversation with Matt covers more ground than weeks of online research.
Featured ListingsNaples · Updated Daily
